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Stock impact report

MVB Financial Corp. Announces Strategic Sale of Victor Technologies to Jack Henry & Associates

MVB Financial Corp. (MVBF) 
NASDAQ:AMEX Investor Relations: ir.mvbbanking.com/corporateprofile
Company Research Source: Business Wire
FAIRMONT, W.Va.--(BUSINESS WIRE)--MVB Financial Corp. (“MVB” or “MVB Financial”) (NASDAQ: MVBF), the holding company for MVB Bank, Inc. (the “Bank”), announced today that it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. (“Victor”) to Jack Henry & Associates (“Jack Henry”) (NASDAQ: JKHY) (the “Transaction”) effective September 30, 2025.The Transaction is expected to generate a pre-tax gain of approximately $33 million to MVB, delivering significant returns on a Fintech company founded just four years ago in 2021 and incubated within MVB. The Transaction is expected to be accretive to MVB’s earnings per share, driven by improved cost structure and lower overhead expense going forward. In addition, the Transaction will provide MVB with greater flexibility to pursue certain balance sheet and capital management strategies, which may include a repositioning of some portion of the available-for-sale securities po Show less Read more
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